Swedish
Ikea Announces Financial Results For the First Time
For the first time, the privately owned Swedish furniture retailer, Ikea Group, has disclosed its financial results. The retailer, known for its low cost yet stylish furniture, is doing very well.
GM to Spyker: No Deal for Saab
Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.
GM's Saab Story Not Over Yet
After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday. Spyker says that it has removed the obstacles that ended negotiations previously.
